We’ve experienced economic growth for almost a decade, which is the longest recovery in the nation’s history. Experts know a recession can’t be too far off, but when will this economic slowdown actually occur?

Pulsenomics just released a special report revealing that nearly 6 out of 10 of the 90 economists, investment strategists, and market analysts surveyed believe the next recession will occur by the end of next year. Here’s the breakdown:

9% believe a recession will occur this year

50% believe it will occur in 2020

35% believe it will occur in 2021

6% believe it will occur after 2021

When asked what would trigger the next recession, the three most common responses by those surveyed were:

Trade Policy

Stock Market Correction

Geopolitical Crisis

How might the recession impact real estate?

Challenges in the housing and mortgage markets were major triggers of the last recession. However, a housing slowdown ranked #9 on the list of potential triggers for the next recession, behind such possibilities as fiscal policy and political gridlock.

As far as the impact the recession may have on home values, the experts surveyed indicated home prices would continue to appreciate over the next few years. They called for a 4.1% appreciation rate this year, 2.8% in 2020, and 2.5% in 2021.

Bottom Line

On the same day, in the same survey, the same experts who forecasted a recession happening within the next 18 months also claimed housing will not be the trigger, and home values will still continue to appreciate.

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Monica FosterBrokerCRS, ABR, SRS, CHMS, CLHMS, CNE, ASP, CNHS, CDPE, SFR, RCCThe Monica Foster Team of eXp(832) 481-4998As an author and highly-certified Realtor®, my goal is to bring my expertise to your real estate transaction whether you are working directly with me or with one of my team members- as the team leader of the Monica Foster Team you will always be working with me. I will ensure you get the personal attention you deserve. I am only a phone call, text, or email away.

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The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Monica Foster and Keeping Current Matters, Inc. do not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Monica Foster and Keeping Current Matters, Inc. will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.